Fed to persist with insurance capital proposals

Quarles indicates Fed will follow through on building block approach designed by previous board

Randal-Quarles-Federal Reserve
Randal Quarles: building block approach “is important because it reflects the very different business models, and both prudential and financial stability characteristics of those different subsidiaries”
Risk.net montage

The board of governors at the US Federal Reserve is committed to a proposal for insurance capital originally drafted under previous Democrat appointees and will issue a proposed rulemaking “in the not too distant future”, according to the Fed governor for supervision, Randal Quarles.

In June 2016, the then Fed chair Janet Yellen and governor Daniel Tarullo unveiled an advance notice of proposed rulemaking (ANPR), which set out a “building block approach” to regulating insurers that own

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: